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I think there are plenty of people in Ireland, Portugal and Spain who would argue that the 'bitter EU medicine' worked for them. Spain has an unemployment rate
by youngtaff 12y ago
I think there are plenty of people in Ireland, Portugal and Spain who would argue that the 'bitter EU medicine' worked for them.
Spain has an unemployment rate of 23% for starters.
We should also take a look at Iceland, where going a different route to the EU medicine worked well for them.
- pfortuny 12y agoThat is so true... Few people "working well" in Spain. But TAXES.
- ptaipale 12y agoTaxes are not particularly high in Spain. They are below OECD average, not to mention below EU or Eurozone average. http://stats.oecd.org/index.aspx?DataSetCode=REV http://stats.oecd.org/index.aspx?DataSetCode=REV In 2013, Spain's tax revenue was 32.6 % of GDP. Compare that to Germany 36.7 %, Netherlands 36.3 % and Finland 44.0 %. Also consider that these as proportion of tax revenue to official GDP, and it's pretty safe to assume that Spain has more in grey economy (not in official statistics) than northern Euro countries.
- appleflaxen 12y agoDoes your first sentence have a typo? It seems to be in tension with your second.
- youngtaff 12y agoYes, it could do with a with as in "would argue with that"
- holoto 12y agoSpains unemployment rate was 24% in 1994. It was 21% in 1985. Or 18% in 1998. Unemployment in Spain is traditionally 10% above northern countries or the US. So yes unemployment is high (we had a crisis and had a recession!) but not as high as you make it look without context.